140 N Grassland Road #Th 5Surf CityNC28445
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Surf City at 140 N Grassland Road #Th 5, Surf City, NC, 28445 uses $112,044 cash to close to unlock $4,085/yr annual cash flow and $340/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,654/mo payment keeps the spread at $340/mo. Purchase price stands at $337,990, and rental yield measures 8.52% with $2,400/mo rent. Return on cash invested shows 23.55% in year one, and 5% annual appreciation builds toward $93,380 over five years. Five-year ROI reaches 122.29% and total cumulative return in cash records $137,015. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,654/mo payment rather than investor’s personal income.
Townhouse
Built in 2025
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28445, Holly Ridge, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,156 (100%) |
| Owner Occupied HU | 4,002 (39.4%) |
| Renter Occupied HU | 1,043 (10.3%) |
| Vacant Housing Units | 5,111 (50.3%) |
| Median Home Value | $376,587 |
| Average Home Value | $435,780 |
Housing Distribution
Address Breakdown
Residential
6,217
Single Family
6,134
Multi-Family
83
Businesses
499
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Listed by: Team D.R. Horton • D.R. Horton, Inc
Mls Name: Hive MLS
Mls ID: #100545396